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Kenya Re - what gives?
Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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Kenya Re
What hails this stock?
Airport fire? Westgate? The impending expiry of its mandatory share of local reinsurance business?
PE of 5.62 Against;
Pan Africa's 13.42,
CiC 16.80,
Jubilee 8.45
@guru and others, What muted the drum beats?
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mkeiyd wrote:What hails this stock?
Airport fire? Westgate? The impending expiry of its mandatory share of local reinsurance business?
PE of 5.62 Against;
Pan Africa's 13.42,
CiC 16.80,
Jubilee 8.45
@guru and others, What muted the drum beats? This stock needs to touch 13 level for a serious shakeout.I used to hold lots of it but dumped when i realized there are too many weaklings holding it.When the price starts to move up,count on the many spoilers to disrupt the up move. There was a time resistance was at 16,then 15 now its at 14.50-14.60.Early this week,we had a low of 13.25(Very significant weakness) But it will move up.Just like KK,this is not the time to buy
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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And btw PE is 3.6 Shares like all commodities is significantly influenced by the forces of supply and demand.Imbalance of supply-demand causes price movements.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metasploit wrote:mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus Who knows, by then Kenya Re could be up there having generated more than that the 10-15% gain
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Metasploit wrote:mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus I don't get it. Why would a bonus translate to higher prices? I know it has in the past, but it's like get 5 ten shilling coins for your 50bob note.
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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Horton wrote:Metasploit wrote:mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus I don't get it. Why would a bonus translate to higher prices? I know it has in the past, but it's like get 5 ten shilling coins for your 50bob note. Because bonus is capitalized earnings. Going forward,more capital for the company means more investments leading to more revenue and ultimately, earnings.
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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mwekez@ji wrote:Metasploit wrote:mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus Who knows, by then Kenya Re could be up there having generated more than that the 10-15% gain I'm torn between the two tending towards KenRe. Not long ago,around June this year, Kenya Re was being discussed in the same breath with Coop. Today, Kenya Re is @14.50 while Coop is @17.80.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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mkeiyd wrote:Horton wrote:Metasploit wrote:mwekez@ji wrote:This, just like KK, is in the BUY zone. The counters have good value in them for fundamental investors Mwekezaji,Kenya Re is in the buy Zone but not now.Get 10-15% gains on other stocks now and buy Kenya Re in Feb in anticipation of the bonus I don't get it. Why would a bonus translate to higher prices? I know it has in the past, but it's like get 5 ten shilling coins for your 50bob note. Because bonus is capitalized earnings. Going forward,more capital for the company means more investments leading to more revenue and ultimately, earnings. This does not necessarily translate to "more investments".
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Kenya Re - what gives?
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